Sanmina Corporation (SANM) shares traded at $177.03 on Monday, down 0.45% in intraday trading, as the market weighs the manufacturer’s pivot toward artificial intelligence infrastructure. The stock has appreciated approximately 127% over the past 52 weeks, driven by anticipation of a “transformative” scaling phase following the closing of its latest manufacturing acquisition.
For the fiscal year ended September 27, 2025, Sanmina reported revenue of $8.1 billion and non-GAAP diluted earnings per share (EPS) of $6.04, a 14.4% increase over the previous year. Fourth-quarter revenue reached $2.1 billion with a non-GAAP operating margin of 6.0%, hitting the high end of management’s outlook. The company generated a record $621 million in cash flow from operations for the full year, ending the period with $926 million in cash and cash equivalents.
Management has issued aggressive guidance for the first quarter of fiscal 2026, forecasting revenue between $2.9 billion and $3.2 billion. This projected 52% year-over-year growth is fueled by the integration of ZT Systems’ manufacturing assets, which are expected to contribute approximately $850 million to $1.05 billion in the first two months post-closing.